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- It Is Irrelevant What They Paid Or What They Owe
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The Union Leader reports from New Hampshire. “As the number of foreclosures in New Hampshire continues to climb, housing advocates are seeing a disturbing trend: The mortgage crisis is spreading to prime borrowers. Just more than 6 percent of mortgages in New Hampshire are delinquent, according to the latest survey by the Mortgage Bankers Association. For the first time since 1992, that’s comparable to the national rate. There were more than 18,000 mortgage loans in New Hampshire with payments past due as of the fourth quarter of last year. Of those, 10,710 were prime loans, 6,390 subprime loans.”
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Original Source: thehousingbubbleblog.com
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30 April, 2008| housingblogs |
@ 15:23